2013 showed Vancouver real estate in recovery

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The Vancouver real estate market may not have reached the heights of its 2011 peak, but it has rebounded and on its way to recovery in 2013, according to a report made by the Real Estate Board of Greater Vancouver (REBGV).

Among the high points of the region are as follows: sales of apartment properties, attached and detached, were up 14 percent in 2013 over 2012; home sales in December 71 percent higher than sales in December 2012; and December over-all sales up by 8.1 percent over the ten-year average. Credit uney fions enthused that they anticipate a six percent increase in property sales in 2014.

REBGV president Sandra Wyant said, “Home sales quietly improved last year compared to 2012, although the volume of activity didn’t compare to some of the record-breaking years we experienced over the last decade."

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